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Tag: refineries

AP Photo

Oil Is Down. Gasoline Isn’t. What’s Up?

A little more than a year ago, oil prices reached above $100 a barrel. Gasoline averaged in the $3.50 range nationally. In late spring, oil appeared $60ish and the national average for gas remained around $2.70. The price of a barrel of oil has since plunged to $40 and below—yet, prices at the pump remain just slightly less than they were when oil was almost double what it is today.

California Oil Refinery (Paul Sakuma : Associated Press)

West Coast Dock Strike Settles–Just in Time for Oil Refinery Strike

With the West Coast ports labor dispute involving 13,600 unionized dockworkers inflicting pain on 318 million Americans by causing billions of dollars a day in losses to the U.S. economy settling yesterday, now 30,000 unionized refinery workers across America intend to play the same leverage game by cutting off two-thirds of all U.S. diesel and gasoline supplies.